The U.S. House of Representatives passed the Secure and Fair Enforcement Banking Act of 2021 (SAFE Banking Act) in a bipartisan vote of 321-101. The bill now moves to the U.S. Senate for consideration.
As of today, Louisiana’s list of qualifying conditions for medical cannabis has gone from one of the most restrictive to one of the more expansive!
Three new medical cannabis laws took effect today, August 1, 2020. Perhaps the most important of the new laws is HB 819, which allows doctors to recommend medical cannabis for any medical condition the physician “considers debilitating to an individual patient” that the physician is qualified to treat.
Previously, patients could only receive a recommendation…
Good news! Last week, Gov. John Bel Edwards signed a bill (HB 819) that will allow doctors to recommend medical cannabis for any medical condition the physician “considers debilitating to an individual patient” that the physician is qualified to treat. Currently, patients can only receive a recommendation for cannabis if they have a medical condition that is specifically listed.
HB 819 also adds several qualifying conditions, including Alzheimer’s, Parkinson’s, ALS, traumatic brain injury, and chronic…
We have big news to share: Just now, the U.S. House of Representatives approved the SAFE Banking Act (H.R. 1595) in a 321-103 floor vote! Today’s vote was historic, as the SAFE Banking Act is the first standalone cannabis bill to ever receive a full vote in Congress.
This legislation would prevent federal financial regulators from punishing financial institutions that provide services to state-legal cannabis businesses. Currently, most banks are unwilling to work with the cannabis industry because…
The emerging cannabis industry — with $17 billion in sales this year — is currently troubled by a lack of racial diversity within its ranks. It is impossible to ignore the fact that members of the African American community and other racial minorities have paid a particularly high price in the war on cannabis. When the business community that follows legalization leaves behind people of color, there is cause for concern.
Recently, equity in the cannabis industry has moved to the forefront of many…
Urge your U.S. Representative to support the SAFE Banking Act of 2019!
Today, 33 states and the District of Columbia have enacted laws allowing for either medical or adult-use cannabis. An additional 14 states allow for limited medical use. But under current law, financial institutions providing banking services to legitimate and licensed cannabis businesses under state laws are subject to criminal prosecution under several federal statutes, such as "aiding and abetting" a federal crime and money…
(This post is the first in a series providing insights into the legal marijuana industry. It is a guest post from the staff at MedMen.)
While ultimately an exciting endeavor, opening a marijuana business can be a tedious process involving a multitude of legal and monetary procedures. A close eye for detail is required. Dealing with rules and regulations and licensing applications, meeting zoning requirements, preparing concise and detailed business plans and operational protocols, attending local…
